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 Replies: 13 / Views: 1,148 |
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Pillar of the Community
United States
7840 Posts |
Most coin value sources have the usual grades associated with values for circulated coinage (Numismedia) ; G4 VG8 F12 VF20 XF40 AU50 AU53 AU55 AU58 A remember posting in a previous thread on how I determined the value of a (example) 1837 Capped Bust Dime VF30 (VF20 ($92) + XF40 ($288) / 2 = ($190)) This figure is in the "ballpark" for the asking price of the coin, but is this reasoning sound?  |
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Pillar of the Community
United States
7193 Posts |
That is one way to look at pricing but I have found that the higher the grade the more the price jumps as a percent. This may not apply to say a VF or fine coin but should play a roll in say a XF 45.
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Pillar of the Community
United States
3486 Posts |
No, the reasoning is not sound and here is why:
Within many series, and it is the Barbers with which I am most familiar,
there exists what is called "grade rarity."
Common dated coins may me equally valued, proportionally, from good to unc.
Not so common coins and the spread can get wild.
Example, the 1909S VDB:
(Asking prices, from the August 2012 Greysheet)
Good - $685
VG - $775
Fine - $800
VF - $825
XF - $1,025
AU - $1,275
MS60 - $1,650
A relatively smooth progression until you hit the XF, then a big jump, proportionately.
Your formula may well work until you reach VF. But the jump between
VF and XF may require familiarity with the survivor ship of the particular coin.
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Pillar of the Community
United States
5854 Posts |
I think it gives a fair ballpark estimate if the price increases are relatively steady and even between grades. If there larger jumps in price between grades like in condition rarities, the method can be wildly off. Take for example the 1884-S morgan in between AU-50 and MS-60. Numismedia values a AU-50 at $258 and a MS-60 at $5440. If you wanted to estimate the value of a AU-55 using that method you will get an estimate of $2849 which is way off from the $450 listed for that grade.
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Pillar of the Community
 United States
7840 Posts |
Thanks for the replies. What I was referring to were the "unlisted" grades.
D0ubl3Eagle makes a great point on the 1884-S Morgan, however there are value listings for AU-55, but not for VF25, VF30, VF35, XF45, etc...these are the "in-between" grades that I was referring to.
Edited by oih82w8
09/04/2012 12:03 pm
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Pillar of the Community
United States
5832 Posts |
I think that would be very helpful too if the in between grades are pricing available. I can definitely use it.
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Pillar of the Community
United States
7840 Posts |
Does the Blue or Grey Sheet have the in-between grade values?
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Pillar of the Community
 United States
2448 Posts |
I always wondered too.  |
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Moderator
 United States
23522 Posts |
I'm gong to sound like a broken record here.  The value of your coin is not what some price guide says it is, it's what people are willing to pay for it today. For almost any coin whose value exceeds $100, Heritage almost certainly has a deep-enough history to give you a good idea. For anything else, ebay. There are, literally, millions of published coin sale results available free online. There are currently half a million US coins listed on ebay, and 257,000 World coins. That's a pretty sizable database, both between Buy It Nows (always high, some far too high) and Completed Auctions. Modifiers exist, of course. One always discounts a raw coins price against slabbed coin data. I'm going to offer a dealer with whom I have a good relationship or a good friend a better price than the lowest-available auction results. You can be more generous with a coin you intend to buy and keep. But it's unreasonable to offer something for sale (you, or the person you intend to buy from) at a price too much out of line with the same data a potential buyer can throw at you/him by way of bargaining. If you ask my my opinion of a certain coin's value, what I tell you today might not be what I tell you next month. The coin you have, or the one you want, is worth what people are paying for it today. The effort (and expense) people spend upon paying for published lists and memorizing their contents is better served by a smartphone. They cost a little more but you can't play Angry Birds on a Greysheet.  |
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Pillar of the Community
United States
7840 Posts |
Thanks for repeating yourself SsuperDdave! On-line auction houses can vary drastically even on the same day, for the same type/grade/TPG coin, one may have been sniped (guilty on both sides of the coin) and decided not to let the next one get away (guilty as well). I am in a "phone-free" area and do not have access to these "auction houses" at work (ACCESS DENIED), but Numismedia is ok. I reckon that I will have to wait it out a few more hours to check these "sites" out at the house.
Edited by oih82w8
09/04/2012 3:18 pm
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Pillar of the Community
United States
2448 Posts |
D--n, Ssuper Ddave, when you're right, you're right! Most of us don't realize it's what the market will bear.
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Bedrock of the Community
United States
10982 Posts |
I use completed auction listings with Heritage and ebay being your best sources. PCGS' CoinFacts lists all public auction records but does cost about $12/month. If you have particular dates you're looking for, send me an e-mail and I'll look them up for you. FYI: The last 2 1837 Capped Bust Dime in VF30 sold for $207 and $253. |
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Pillar of the Community
United States
5832 Posts |
For whatever is worth! The PCGS market report today list that the 1913 5¢ Liberty gain 11.11%, that's $500K, so the coin is now worth $5 Millions.
Anyone have deep pockets?
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Pillar of the Community
United States
1554 Posts |
I wish I could be as long winded with writing as SuperDave but he says exactly what I would say if I were talking to you in person. The only thing I could add is if you have a coin that is accepted as being worth $100 and the next step up the accepted price is worth $150 and you think your coin is in between I would think it would be justifiably worth $125. But, as Dave said, it's value is what someone will offer. And, if you come across a coin that really is SPECIAL, excellent luster, good strike, the coin will definately get higher bids.
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Replies: 13 / Views: 1,148 |
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Posted 09/04/2012 11:05 am
